Sentences with phrase «form of a mansion tax»
Earlier this year, Mr Cable was still arguing that a one per cent tax on property in excess of # 2million was his preferred form of mansion tax.
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Labour previously suggested they would support a mansion tax and the proposals could form the basis of a potential coalition agreement in 2015.
«The 50p rate is not a step forward... If we are serious about dealing with inequalities, we are much better dealing with unproductive wealth in the form of extreme property and the mansion tax on property over # 2 million is the best way to do that,» he added.
Peter Mandelson has denounced the mansion tax, which will form a key part of Labour's general election manifesto, as a «crude short term» measure that will clobber homeowners.